Hextracoin has just started their ICO and is selling out in minutes.
They're a new lending platform offering high interest returns when you lend them money, similar to bitconnect and regalcoin.
They say that they're using a volatility trading bot which allows them to pay investors high returns.
The interest rate they pay is based on the volatility of bitcoin, they say that the interest rate will be up to 48% per month which will be paid daily. If it's anything like bitconnect then the interest rate will be around 1% per day.
They also offer bonuses for lending them higher amounts of money:
Lending amount $100-$1000: Standard volatility interest of up to 48% per month with return of capital after 239 days.
Lending amount $1010-$5000: Volatility interest with an added bonus of 0.15%, return of capital after 179 days.
Lending amount $5010-$10,000: Volatility interest with an added bonus of 0.25%, return of capital after 120 days.
Lending amount $10,010-$100,000: Volatility interest with an added bonus of 0.3%, return of capital after 99 days.
Their ICO will run for the entirety of October, they say that their lending platform will be ready to go live as soon as that's finished. They say that they'll get listed on coinexchange.io by November.
Coins available during the sale: 9 million.
ICO end date: October the 31st.
Availability of coins: 300,000 released every day at 21:00 GMT.
Coin price: Currently $0.9, increases gradually to $1.15 on the final 4 days of the sale.
Just like Regalcoin and Bitconnect, Hextra coin is aiming to attract investors through the usage of affiliates. They offer a generous program that pays 8% on the first level, 3% on the second level, 1% on the third and forth level and then pas small amounts all the way down to the 7th level.
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All ICOs are risky but these types of lending platforms are highly risky, I wouldn't invest any more than you can afford to lose. Having said that I personally made a lot of money with the Regalcoin ICO with just a few hundred dollars and will be hoping to do the same with this one.
Website: Check out their website here
